XML 59 R49.htm IDEA: XBRL DOCUMENT v3.23.2
Condensed Financial Information (Parent Company Only) (Tables)
12 Months Ended
Jun. 30, 2023
Condensed Financial Information Disclosure [Abstract]  
Condensed Balance Sheets
Condensed Balance Sheets
 
    
June 30,
    
June 30,
 
    
2023
    
2022
 
Assets
     
Cash and due from banks
   $ 7,407      $ 5,890  
Investment in common stock of subsidiary
     62,574        63,797  
ESOP loan
     1,893        2,083  
  
 
 
    
 
 
 
Total assets
   $ 71,874      $ 71,770  
  
 
 
    
 
 
 
Liabilities
     
Line of credit
   $ —        $ —    
Interest payable
     —          21  
Other liabilities
     121        91  
  
 
 
    
 
 
 
Total liabilities
     121        112  
Stockholders’ Equity
     71,753        71,658  
  
 
 
    
 
 
 
Total liabilities and stockholders’ equity
   $ 71,874      $ 71,770  
  
 
 
    
 
 
 
Condensed Statements of Income and Comprehensive Income (Loss)
Condensed Statements of Income and Comprehensive Income (Loss)
 
    
Year Ending
June 30,

2023
    
Year Ending

June 30,

2022
 
Income
     
Interest on ESOP loan
   $ 95      $ 72  
Deposits with financial institutions
     —          —    
  
 
 
    
 
 
 
Total income
     95        72  
Expense
     
Interest on line of credit
     —          78  
Other expenses
     201        207  
  
 
 
    
 
 
 
Total expense
     201        285  
Loss Before Income Tax and Equity in Undistributed Income of Subsidiary
     (106      (213
Benefit for Income Taxes
     (30      (61
  
 
 
    
 
 
 
Loss Before Equity in Undistributed Income of Subsidiary
     (76      (152
Equity in Undistributed Income of Subsidiary
     4,736        5,936  
  
 
 
    
 
 
 
Net Income
   $ 4,660      $ 5,784  
  
 
 
    
 
 
 
Comprehensive Income (Loss)
   $ 358      $ (13,495
  
 
 
    
 
 
 
Condensed Statements of Cash Flows
Condensed Statements of Cash Flows
 
    
Year Ended

June 30,

2023
    
Year Ended

June 30,

2022
 
Cash flows from operating activities
     
Net income
   $ 4,660      $ 5,784  
  
 
 
    
 
 
 
Items not requiring (providing) cash
     
Net change accrued interest payable
     (21      2  
Net change in other liabilities
     30        (16
Earnings from subsidiary
     (4,736      (5,936
  
 
 
    
 
 
 
Net cash used in operating activities
     (67      (166
  
 
 
    
 
 
 
Cash flows from financing activities
     
Proceeds from exercise of stock options
     732        315  
Dividends paid
     (1,338      (1,134
Dividends received
     2,000        4,000  
Loan for ESOP
     190        196  
Repayment of line of credit
     —          (3,000
  
 
 
    
 
 
 
Net cash provided by financing activities
     1,584        377  
  
 
 
    
 
 
 
Net Change in Cash and Cash Equivalents
     1,517        211  
Cash and Cash Equivalents at Beginning of Year
     5,890        5,679  
  
 
 
    
 
 
 
Cash and Cash Equivalents at End of Year
   $ 7,407      $ 5,890